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A beveridge curve decomposition for Austria : what drives the unemployment rate?
Christl, Michael - 2019
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10012285972
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Marriage and divorce under labor market uncertainty
Holzner, Christian; Schulz, Bastian - 2019 - Preliminary version
partners in the marriage market and switch between employment and unemployment in the labor market. In the marriage market … labor market divorces triggered by unemployment has decreased significantly. …
Persistent link: https://www.econbiz.de/10012304704
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Partisanship and fiscal policy in Federal Unions : evidence from US states
Carlino, Gerald A.; Drautzburg, Thorsten; Inman, Robert P. - 2020
In federal countries, such as the U.S., the fiscal authority consists not of one, but many governments, with state governments accounting for a sizable share of expenditures. We analyze how state partisanship of politicians affects state fiscal policy and quantify the possible macroeconomic...
Persistent link: https://www.econbiz.de/10012419407
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Fiscal policy spillovers in a monetary union
Lozej, Matija; Walsh, Graeme - In: Open economies review 32 (2021) 5, pp. 1089-1117
Persistent link: https://www.econbiz.de/10013171903
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The corporate saving glut and the current account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019
We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand and...
Persistent link: https://www.econbiz.de/10012265888
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2019
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States (DE, FR, IT, ES). We compare the response of the four countries to identical shocks and find a particularly strong response of employment and wages in ES, a high sensitivity of...
Persistent link: https://www.econbiz.de/10012268789
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Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing
Enders, Zeno; Vespermann, David - 2021
allocative efficiency and apply our results to a potential European unemployment benefit scheme (EUBS). Specifically, we first … EUBS brings about. We find that a EUBS can provide risk sharing by stabilizing relative consumption as well as unemployment …. Following supply shocks, however, the cross-country transfer embodied in the unemployment benefits is spent to a large degree on …
Persistent link: https://www.econbiz.de/10013336272
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Backing the right horse : entry versus fixed costs subsidies
Röhe, Oke; Stähler, Nikolai - 2019
This paper provides a tractable dynamic stochastic general equilibrium framework with endogenous firm creation and destruction and variable technology utilization to analyze the macroeconomic impact of entry costs and fixed cost subsidies. Based on this setup, we revisit empirical and...
Persistent link: https://www.econbiz.de/10012317396
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Persistent unemployment, sovereign debt crises, and the impact of haircuts
Prein, Timm M. - 2019
After 2008, the Southern European economies suffered a strong and persistent increase in unemployment. Rising … government bond spreads necessitated the implementation of austerity policies. Austerity however, may increase unemployment. If … workers lose human capital during unemployment spells, the economy's future production potential and thus the fiscal …
Persistent link: https://www.econbiz.de/10012317627
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Are more severe recessions followed by stronger recoveries? : evidence from the Mexican states employment
Mejía Reyes, Pablo; Vergara-González, Reyna - 2015
On the basis of the suggestions of Friedman (1969, 1993) and Moore (1965) and considering the framework proposed by Balke and Wynne (1994, 1995), this paper evaluates whether recoveries growth depends on the characteristics of prior recessions (depth, steepness and duration) in the case of the...
Persistent link: https://www.econbiz.de/10011477197